Indian Stock Market Today: 10 Key Global Cues to Watch as Nifty Eyes Gap-Down Open Amid Tariff Worries

Gift Nifty signals weak start; US stocks end mixed after worst quarter since 2022. Gold hits record high, crude dips, and investors brace for Trump’s tariff moves.

April 1, 2025: The Indian stock market is set for a gap-down open on Tuesday, April 1, 2025, as Gift Nifty trades around 23,455, nearly 182 points below Nifty futures’ previous close. This signals a cautious start to the new financial year amid global uncertainty, especially over potential reciprocal tariffs by former US President Donald Trump.

Also Read: Wall Street Falls as Trump’s ‘Liberation Day’ Sparks Tariff Fears; Nasdaq Drops Over 1.7%

With the Sensex and Nifty 50 ending lower on Friday due to profit booking, investors are closely watching global cues for market direction.

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10 Key Things That Changed Overnight for Indian Markets:

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1. Gift Nifty Points to Weak Opening

Gift Nifty is trading at 23,455, indicating a negative bias and gap-down opening for Indian indices amid tariff worries.

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2. Wall Street Mixed, Ends Worst Quarter Since 2022

• S&P 500 fell 4.6% in Q1
• Nasdaq Composite tumbled 10.5%
• Dow Jones down 1.3%
  While Dow rallied 1% on Monday, the Nasdaq closed 0.14% lower, its worst quarter since the pandemic era.

3. Asian Markets Rebound

• Nikkei up 1%, Topix jumps 1.34%
• Kospi gains 1.03%, Kosdaq rises 1.12%
• Hang Seng futures suggest a stronger open

4. Gold Hits Record High

• Spot gold touched $3,134.04/oz,
• US gold futures up 0.3% at $3,160.00
  Driven by fears that new US tariffs may trigger inflation.

5. Crude Oil Falls on Growth Concerns

• Brent slips to $74.67/barrel
• WTI eases to $71.37/barrel
  Fears of a trade war weigh on global growth outlook.

6. Bond Yields Slide

US 10-year Treasury yield drops to 4.21%, signaling a flight to safety and expectations of Fed rate cuts.

7. Dollar Holds Steady

• Dollar Index at 104.09
• Yen stronger at 149.66/USD
• Euro steady at 1.0823, Sterling at 1.2927

8. Recession Fears Rise in US

Goldman Sachs raises US recession probability to 35%, trims S&P 500 year-end forecast.

9. Russia-Ukraine & Israel-Hamas Updates

• Kremlin hints at possible US-Russia peace framework
• Israel confirms airstrike on Hezbollah operative in Beirut

10. Japan’s Business Sentiment Worsens

BOJ’s Tankan survey shows a decline in big manufacturers’ sentiment — index drops to 12 in March, down from **14 in December.

📈 What to Watch in India Today:

• Auto sales numbers for March
• FII/DII flow data
• Trump’s tariff announcement (April 2)
• Metal and export-heavy sectors’ reaction
• Gold-related stocks on rally cues

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